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Author's profile photo Tammy Powlas

How to Forecast Store Traffic with Predictive Analysis

First I am using a sample spreadsheet that has date and customer counts.  Using the typical acquisition (like Lumira) I select New document.

Under the Predict tab, open up Algorithms and select Time Series, Triple Exponential Smoothing as shown below:

1 predict time series.png

Then Configure Settings – there are two ways to do that.  First, right click or select configure settings under Component Actions:

2configure settings.png

These are the settings I used:

3triple exponential smoothing.png

I selected Forecast, with the target variable forecasting Customer Count.

I left the defaults and selected Done.

/wp-content/uploads/2014/01/4run_356600.png

Then I select Run to Forecast the model.

/wp-content/uploads/2014/01/5success_356601.png

Success message, click OK

/wp-content/uploads/2014/01/6gridview_356602.png

I can review in Grid View.

/wp-content/uploads/2014/01/7algsummary_356603.png

The best for last is the Trend view, showing the predictions graphically.

/wp-content/uploads/2014/01/8trend_356604.png

What is nice about this version is the hover capability as shown above I can see the values.

Also, I didn’t look at any help to do the above, I simply started using it, without any training.

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      Author's profile photo Former Member
      Former Member

      Thanks for sharing the knowledge  , however it seems the predict tab is not available in my Lumira .. is it a different setting that i need to use to get the predict tab in Lumira .. i am using the latest version 1.14 .

      Author's profile photo Tammy Powlas
      Tammy Powlas
      Blog Post Author

      Lumira is a subset of Predictive  - so to do this  you need to install Predictive Analysis 1.14

      Author's profile photo Former Member
      Former Member

      very useful, thank you very much. I will try installing predictive analysis. Do you maintain a blog site or some thing similar on other topics as well?

      Author's profile photo Tammy Powlas
      Tammy Powlas
      Blog Post Author

      Thank you for the comments.

      You can look under my content tab

      Author's profile photo Antoine CHABERT
      Antoine CHABERT

      Hi Tammy,

      Interesting example! I would be nice to see the results that the automated analytic time series would give on this particular dataset.

      Thanks

      Antoine